Hello -
The K-1 I received from my company lists two countries in the K-3 section: China and Korea.
As instructed, I created a second K-1 in TT for the second country (Korea). When I entered the K-1 information, my tax liability doubled (since I am now reporting two K-1s thus doubling the income).
So am I supposed to create a "blank" K-1 with the business info bu then list $0 for all the K-1 info, and then *only* record the Korea income in the K-3 portion?
Sorry, this is all very confusing to me. I really wish I could just uplaod the pdf I was given.
